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Related Keywords: handloom, Indian textile industry, minimum wage, powerloom, SIMA, tailoring, textile and clothing sector, Textile mills, timely review, TN textile industry, weaving

The Textile and clothing sector has around eight schedule employment (under the Minimum Wages Act) such as cotton ginning, pressing and waste cotton industry, handloom and weaving industry, handloom silk weaving industry, hosiery manufactory, powerloom industry, silk twisting industry, tailoring industry and apprentices in textile mills.

Besides this, there are many industrial establishments engaged in the manufacture of knitted and woven garments and made-ups (home furnishings). Some of them cater to both – the domestic and export markets.

Related Keywords: greenfield project, Lakshmi Machine Works, opting faster air jet looms, opting to upgrade units, produce compact yarn, retrofits cost lower, SIMA, spinning mills, Textile machinery major

A large number of spinning mills in the region are increasingly opting to upgrade their units to produce compact yarn through retrofits. They are also installing compact yarn spinning systems in their Greenfield project as well as for expansion. According to K Selvaraju, secretary general, Southern India Mills' Association (SIMA), mills are opting for retrofits as the costs are lower and weaving units are opting for faster air jet looms.

Related Keywords: Confederation of Indian Textile Industry, exhibition of textile machinery, Indian textile industry, MMF, Ninth edition of Texfair, second edition of Farm to Finish, SIMA, spares and accessories, textile product exhibition, TUFS

The ninth edition of Texfair, an exhibition of textile machinery spares and accessories, and the second edition of Farm to Finish, an exhibition of textile products started off at the Codissia Trade Fair Complex organized by Southern India Mills’ Association (SIMA). The event is on for four days from January 9.

At the inaugural of Texfair 2015, Prem Malik, chairman of Confederation of Indian Textile Industry, said that one of the main areas that the Indian textile industry needs to focus on is diversifying to man-made fibre-based textile products.

Related Keywords: concession, load factor incentives, power tariff, seperate tariff, SIMA, Southern India, special treatment, TANGEDCO, Textile Industry

The textile industry of Southern India are demanding a separate tariff or load factor incentive as the textile industry is the highest consumer of TANGEDCO and thus deserves to have a special treatment and concession.

The textile industry runs round-the-clock throughout year and consumes 900-950 units of power for one hour for every MW thus enabling TANGEDCO to make substantial profit when compared to any other consumer.

The new power tariff would seriously affect the competitiveness of the textile mills in Tamil Nadu across the value chain.

Related Keywords: cotton export, cotton prices, cotton production, dull deman, ICF, new cotton arrival, reduced imports from China, Shankar-6 variety, SIMA, staple cotton, zero forward deals

Almost zero forward deals with exporters seen this season as China reduced its imports from India, record-high acreage as well as cotton production, along with dull demand from mills has resulted in fall in cotton prices and it will be the lowest in last one year.

Cotton prices have fallen to the lowest levels in the current cotton year (October 2013-September 2014), at Rs 33,000-34,000 a candy (356 kg). Demand for cotton in terms of exports will also be low.

Related Keywords: cotton arrival season, cotton price, cotton trading, India cotton industry, liquidity crunch, new arrival of cotton, poor demand, Saurashtra Ginners Association, SIMA, spinning industry, yarn mills

Cotton, which was quoted at Rs 40,000 per candy last Thursday, was trading at Rs 37,000 per candy (a candy of 356 kg) on Tuesday, registering Rs 3,000 drop in price, a decline by 7.5 percent per candy over the last four days owing to poor demand from yarn mills and following new arrivals of the crop in state like Punjab.

Related Keywords: Codissia Trade Fair Complex, Codissia Trade Fair complex, cut in VAT rate, Farm to Finish Fair, SIMA, Southern India Mills’ Association, TexFair 2015, textile machinery, TN state government

The Southern India Mills’ Association (SIMA) has appealed to the State Government to bring down the VAT rate from 5 percent to 2 percent, as they are gearing up to conduct TexFair 2015 and the second edition of SIMA Farm to Finish between January 9 and 12 at the Codissia Trade Fair Complex here.

SIMA Chairman T Rajkumar said that the association had met the State Finance Minister and Secretary in this regard and they were ensured that their request would be considered on a trial basis initially before regularising it.

Related Keywords: China, coarser and medium count, Confederation of Indian Textile Industries, cotton price, EU, Indian yarn shipment, lesser demand, Pakistan GSP plus status, plunge, SIMA, yarn export, yarn price

Indian yarn shipment plunged to about 100 million kg in April and, according to industry estimate, further to 90 million kg each in May and June, after clocking average monthly exports of about 120 million kg in 2013-14, which was 33% more than the previous year.

In the first quarter ended June, yarn exports witnessed decline by about 20% year-on-year, with China reducing its fabric production due to which lesser demand from China, there has been an impact on yarn imports.

Related Keywords: cotton yarn, cotton yarn price, demand for textile, EU market, fabric, festival season, garment making unit, Indian textile market, made-ups, SIMA

Although India saw demand for cotton yarn from China on a declining trend and the European Union market for fabrics and made-ups mired during the last four months. However, the demand for textiles would be picking up soon in India with the festival season just round the corner.
 
Drop in export demand for cotton yarn and the slowdown in the domestic market are only temporary and yarn manufacturers should not panic because of the “temporary slothfulness in the market, according to chairman of Southern India Mills’ Association (SIMA) T. Rajkumar.

Related Keywords: cotton consumption, cotton industry, cotton production, cotton yarn, domestic market, Indian textile industry, SIMA

The textile industry is on growth track, as the year 2013-14 as turned up to be encouraging with no shortage of cotton yarn at any point of time during 2013-14 was seen in the domestic market, according to T Rajkumar, Chairman, Southern India Mills Association (SIMA).